§13083-R. Termination of the authority
The authority is not dissolved until:
[PL 2005, c. 599, §1 (NEW).]
1.
Legislature provides for termination.
It is terminated by the Legislature; and
[PL 2005, c. 599, §1 (NEW).]
2.
Payment of bonds, premiums and interest.
The bonds, premium, if any, and interest have been paid or a sufficient amount for the payment of the bonds and interest to maturity or a prior redemption date have been irrevocably set aside in trust for the benefit of the bondholders.
[PL 2005, c. 599, §1 (NEW).]
SECTION HISTORY
PL 2005, c. 599, §1 (NEW).